Would any of these be a good investment?

[Electro]

Hi all
Just trying to get a feel for what makes a good investment.

Would you consider any of these a good investment?

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007680917

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007670870

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007603282

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007645632

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007661822

I've been searching for my first property for a while now and still can't decide on a particular area or property type. So to minimise the stress of narrowing it down and maximize the potential of buying the right IP it looks like my stategy will be to scope out all shortlisted areas and just try to find the right property at the right price.

Thoughts?

 

[Propertunity]

Electro,

They all look fine - except the first one - too clinical & looks like a hospital and the last one - too many units and they all look the same.

However, that is not really the answer. What makes a good investment?
To me it might be CG, to another it might be rental yield, to someone else it might be future development potential, to yet another it might be the ability to get vendor finance on a deal.

You have to decide what your own criteria are. What do you want from the investment? Where do you want it? What do you plan to do with it? How long are you going to hold it? What type of people do you want as tenants etc. How much do you want to spend?

Until you answer these basic Q's you'll drive the REA's (and yourself) nuts.

 

[BayView]

Without the rental yields I couldn't say.

You would also want to check out the areas for potential growth - improved infrastructure etc, rental demand, employment, transport, schools etc.

 

[The Y-man]

Thoughts?

Some are going to freak at this suggestion BUT.......... how about just getting something similar to your own home in your own suburb where you live? It's after all the best area you know and (I assume) the area you'd be able to recognise a bargain the quickest???

The Y-man

 

[Electro]

Some are going to freak at this suggestion BUT.......... how about just getting something similar to your own home in your own suburb where you live? It's after all the best area you know and (I assume) the area you'd be able to recognise a bargain the quickest???

The Y-man

I've considered it but CG in my area (Keilor Downs) is not as good or me thinks won't be as good as other areas in Melbourne. The properties that I have seen around here are very highly priced at the moment and I feel they're very inflated due to the FHOG.

Anyway i'm not too sure but then again my eyes are always peeled and I haven't really narrowed down a particular area. If something good turns up here I might just go for it.

 

[The Y-man]

The properties that I have seen around here are very highly priced at the moment and I feel they're very inflated due to the FHOG.

Ah, now we are cutting to the chase. What makes you think that properties in other suburbs in the FHB price bracket would be any different?

I am not saying they aren't out there - but I want to understand your reasoning....

Cheers,

The Y-man

 

[Electro]

Ah, now we are cutting to the chase. What makes you think that properties in other suburbs in the FHB price bracket would be any different?

I am not saying they aren't out there - but I want to understand your reasoning....

Cheers,

The Y-man

I agree with you 100% Y-man . I know this is happening everywhere but I think if prices were to drop back down after the FHB frenzy - those areas with typically low'er' CG would be 1) The first to fall and 2) fall harder. I think the inflated prices of property due to FHB could be a lot better sustained in a "better" area with higher long term CG.

I would rather risk the same money in say Reservoir for a better potential ROI.

This is just my 'feeling'. I have been following property for a while now but only recently have I been looking at property from an investment POV.

If you have another view please share. If there is something that doesn't make sense in my logic please let me know. I am still trying to find my feet and love learning from others in the know.

 

[Ms Jade]

This is just my 'feeling'. I have been following property for a while now but only recently have I been looking at property from an investment POV.

If you have another view please share. If there is something that doesn't make sense in my logic please let me know. I am still trying to find my feet and love learning from others in the know.

I agree with your feeling, Electro. I would also be looking closer to town for more stable CG.